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0 sats \ 1 reply \ @cryptocoin OP 5 Aug 2022 \ parent \ on: Indian Government Raids Director of Crypto Exchange WazirX, Freezes $8.1M bitcoin
This is interesting:
Quick thread on Binance and WazirX, and some incorrect reporting.
Binance does not own any equity in Zanmai Labs, the entity operating WazirX and established by the original founders.
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https://nitter.it/cz_binance/status/1555578415901802507
The 2019 press release announcing the acquisition:
Binance Acquires India’s Leading Digital Asset Platform WazirX to Launch Multiple Fiat-to-Crypto Gateways https://www.binance.com/en/blog/all/binance-acquires-indias-leading-digital-asset-platform-wazirx-to-launch-multiple-fiattocrypto-gateways-404105749895733248 https://archive.ph/YyMt2
A 2021 Tweet from cz's Twitter acount:
» Binance-owned Indian crypto exchange WazirX crosses $200m in daily trading volume; eyes $1b in 2021 - The Financial Express
https://www.financialexpress.com/market/binance-owned-indian-crypto-exchange-wazirx-crosses-200m-in-daily-trading-volume-eyes-1b-in-2021/2226496
https://nitter.it/cz_binance/status/1378929716875292676
Then, today when the exchange is in trouble with the regulators, cz says the acquisition never happened. Can it be possible some intern created that 2021 Tweet and cz didn't realize it? Possible. Not likely. More likely it was using misleading info to make Binance look good so the exchange token jumps!
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0 sats \ 0 replies \ @cryptocoin OP 5 Aug 2022
Haha, there's more:
1/ FACTS about WazirX & Binance:
WazirX was acquired by Binance
Zanmai Labs is an India entity owned by me & my co-founders
Zanmai Labs has license frm Binance to operate INR-Crypto pairs in WazirX
Binance operates crypto to crypto pairs, processes crypto withdrawal…
https://nitter.it/NischalShetty/status/1555602963430785024
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